Massachusetts’s bill aimed at establishing a state Bitcoin strategic reserve received a lukewarm response at the hearing of the Joint Committee on Revenue.
Since the Committee asked no questions afterwards, leaving the future of the bill in question.
At the same time, the wider crypto market entered recovery on October 9, despite the bullish sentiment and increased institutional attention. As a result, investors are cautious even though, for instance, the Dogecoin price prediction suggests a major rally could be in the books.
Instead, many traders leaned toward new crypto presales, which may offer a higher upside potential, while also being shielded from the volatility.
Having amassed $340K in the first stage of the presale alone, DeepSnitch AI could become the next crypto moonshot. Here’s why!
Is the Massachusetts Bitcoin reserve bill dead in the water?
During a legislative hearing, a bill that proposed a Massachusetts Bitcoin strategic reserve was met with a muted response from committee members.Sponsored and presented by Senator Peter Durant, the proposal titled “An Act relative to a Bitcoin strategic reserve” proposes that the state treasury could invest as much as 10% of the Commonwealth Stabilization Fund in digital assets. Moreover, the proposal would also allow adding seized crypto to the reserve, meaning it could create a valuable diversification tool for the state that doesn’t mandate investment but allows transparency and oversight.Yet, committee members offered no comments or questions after Durant’s presentation. While the senator clarified that the committee has 60 days to review the bill and advance it further, its future remains uncertain.
The bill was introduced in February and follows the trend of crypto-related proposals in other states. While some states like Texas, New Hampshire, and Arizona, passed the respective bills, states like Montana and Wyoming rejected or stalled the efforts.
Regardless of future regulatory moves, the overall crypto market is performing well, with a slight lean toward price corrections. Bullish as they are, traders are still expecting massive rallies in the coming weeks and are on the lookout for the breakout crypto tokens.
Next crypto to explode in 2025
1. DeepSnitch AI: What makes DSNT the ticker?
Despite launching the presale in mid-August, DeepSnitch AI amassed $340K in the first stage solely on the strength of its utility and community growth.
DeepSnitch AI, as the name suggests, is an AI project developing a sophisticated analytics suite powered by a set of five autonomous AI agents. These agents are programmed to process tons of data at a rapid pace and transform it into clear trading insights.
The developers are fully transparent about the project roadmap and have announced two features: a centralized Intelligence Dashboard and the Global Alert Banner. The former will compile agent data while the latter is designed to inform you of sentiment and market shifts.
DeepSnitch AI caters to a wide range of traders, meaning that it transcends other AI projects and may have a chance at mainstream adoption.
Although this is a good sign for the further development of the trading suite, it’s also favorable for those looking for an astronomical upside.
With a price set at $0.01805, the project’s early virality could provide explosive returns for early investors. Many believe a 100x is an easy target for DSNT due to its position in the crypto AI space. This means that a modest investment of $500 can yield $50K.
Projects like XRP, despite their prominence and stability, may not have as much room to grow. Thus, they may require you to pour thousands of dollars into achieving a fraction of the earnings.
The price will increase as the presale progresses. The investments keep pouring in fast, so there’s plenty of reason to believe DeepSnitch AI may soon go into overdrive.
2. Dogecoin price prediction: Can DOGE regain momentum?
According to CoinMarketCap, DOGE has hovered around the $0.2400 50-day SMA since October 7.
While this slow price action may be concerning, analysts anticipate that the bulls will regain control and push Dogecoin back toward $0.2700. The next target is likely $0.2900, where bears are expected to provide some heavy resistance.
If bulls prevail, an uptrend will form and DOGE will potentially coast to $0.3900.
However, there’s still a possibility that the price could fall to the uptrend line. This could negate the bullish setup and lead to a freefall toward $0.1400. If the bearish scenario comes true, Dogecoin will struggle in the $0.14-$0.29 range in the short term.
While DOGE is set to grow in Q4 due to ETF hype, the $37B market cap might not allow for the explosive growth you could achieve if you strike gold with a presale project.
3. XRP price prediction: Is an XRP breakout imminent?
XRP traded in the $2.80 area on October 9, after testing the $3 level multiple times since the month began, according to CoinMarketCap.
Analysts believe that the multiple XRP ETF launches slated for Q4 could do wonders for the struggling coin. Moreover, despite the downturn, the setup is bullish with main indicators remaining in an oversold position for a while.
However, since XRP failed to break through the $3 line, there’s also a possibility that it could continue to hover in the descending pattern for a while or break toward the $2.69 support, followed by a fall to as low as $2.30.
Yet, if bulls start buying at the dip, XRP could close above $3 and rush toward $3.38.
Conclusion
Although Massachusetts lawmakers showed indifference towards crypto, and the Dogecoin price prediction is lacking the explosive momentum, the market is still expected to pump in Q4.
Fortunately, you don’t need to wait for a miracle Dogecoin rally. Instead, presales might settle your cravings for faster gains.
With $341K already raised, DeepSnitch AI proves that utility wins the long-term game and is expected to go parabolic after launch.
Check out the official DeepSnitch AI website.
FAQs
What is the latest Dogecoin price prediction?
Analysts expect Dogecoin to test resistance at $0.29, with a rally toward $0.39 possible if bulls gain control. However, if bears dominate, DOGE could fall to $0.14.
Why are investors choosing DeepSnitch AI over Dogecoin?
DeepSnitch AI raised over $340K in its presale thanks to its AI-driven trading analytics platform. Due to its mass appeal, traders see it as a 100x opportunity, which offers a larger earning margin than DOGE.
Is Dogecoin still a good investment?
While Dogecoin could grow due to ETF-driven demand, its large $37B market cap could limit explosive gains.
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